Ultrapar Participações S.A. (NYSE:UGP) Receives $5.20 Consensus Target Price from Brokerages

Ultrapar Participações S.A. (NYSE:UGP) has been given an average rating of “Hold” by the five analysts that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $5.20.

Separately, StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Hedge Funds Weigh In On Ultrapar Participações

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in Ultrapar Participações by 71.8% during the third quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company’s stock worth $264,000 after acquiring an additional 28,379 shares during the period. Point72 Asset Management L.P. purchased a new stake in Ultrapar Participações in the 3rd quarter worth approximately $1,595,000. Creative Planning grew its stake in shares of Ultrapar Participações by 45.2% during the 3rd quarter. Creative Planning now owns 55,980 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 17,430 shares during the period. Walleye Capital LLC increased its holdings in shares of Ultrapar Participações by 41.5% during the 3rd quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company’s stock valued at $141,000 after purchasing an additional 10,654 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Ultrapar Participações by 332.6% during the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after purchasing an additional 1,099,433 shares in the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Performance

Shares of UGP opened at $2.57 on Monday. The stock has a 50-day moving average of $3.37 and a two-hundred day moving average of $3.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a market cap of $2.87 billion, a P/E ratio of 5.59, a P/E/G ratio of 2.21 and a beta of 1.53. Ultrapar Participações has a one year low of $2.55 and a one year high of $6.34.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.